re: US oil production has increased 300,000 barrels per day in Nov alone

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I’m a CFP today and was once an analyst with Atlas Energy in a former life.

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BS vendor.

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And you know what we financial guys call your list right there?

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CFPs always have some BS saying.

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This is called spending money to make money, and every successful company in existence does it.

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More blah blah pablum. 5000 companies! 10000 companies! Spend money to make money! Buyin’ opportunity! Hockey stick growth!

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Now combine this with significant deregulation and exploration/lands/off-shores opening up under Trump policy, and there’s even more spending going on.

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Spending has been rapidly contracting as capital and equity markets have slammed shut and borrowing base redeterminations are shrinking. You have no idea wtf you’re talking about.

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You’re a negative-nancy with a Leftwing agenda pushing a narrative, just like the “Looming Recession” bullshite that was false/incorrect. You spout nonsense because you think it makes Trump look bad. I got actual investment clients to consider so my motives aren’t based on TDS.

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When you’ve got nothing left in the BS gun start throwing around some BS grenades. The industry downturn has nothing to do with the color of the tie in office. It’s self inflicted by horrible management teams fueled by low interest rates.

You probably were telling marks, I mean clients 2017 was an o&g buying opportunity...then things got shittier! You do you.

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My clients are all up and averaging 4-10 points above the S&P, so you can try and shite on me all ya like.

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What has been proven is that while you may be up within some arbitrary time period you will ultimately not outperform the market...your correction is looming.

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I don’t really care to look, but if I did, how many threads and posts from you would I find about our supposed recession?

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I noted the recession talk and some worrisome factors but didn’t make a call and never belabored the issue. If a recession comes, it’s not the color of tie in offices fault...unless there’s some radical change as proposed by Bernie or Warren.

Edit: Your baseless assumption re recession highlights your BS levels.

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What has been proven is that while you may be up within some arbitrary time period you will ultimately not outperform the market...your correction is looming.

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LOL, WTF is this nonsense? And who the hell told you this is how it works?

I’ve outperformed the S&P for 13 of the last 14 years easily. Aside from 2009, of course.

Jesus Christ, any clown broker who does dollar cost averaging, quarterly or semi-annual rebalancing, and tax loss harvesting can outperform the market by simple alpha gains with typical Wilshire Index level holdings. And if they do options trading they should be able to easily double or more that alpha.

The hard part is not losing, or losing significantly less, when the market loses, hitting RoR client minimums when the market is flat, properly arbitraging volatility/beta, and then of course knowing how to minimize and reduce client’s tax burden (more alpha).

Aside from that, every advisor worth a shite should whip the S&P when it’s up on the year. Even with moderate portfolios with only ~40-50% equities.

If you’re a fee-based advisor, and you’re not doing these things and hitting +2 or more alpha then you’re pretty much a lazy thief doing wrong by your clients.

LOL, you’re embarrassing yourself trying to talk about something you clearly either don’t know shite about, or just completely suck at. Maybe you have a bad advisor who doesn’t know WTF he’s doing, but you just sound ridiculous.

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If a recession comes, it’s not the color of tie in offices fault...unless there’s some radical change as proposed by Bernie or Warren.

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Hilarious watching you literally contradict yourself inside a single sentence. ROFL

I mean it’s just asinine to suggest Presidential policy has no effect on the market or economy and it can’t crash it or make it skyrocket. Just mindboggling idiocy. SMH

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BeefDawg

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I want to invest my 401K with you.

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Companies invested heavily in the EF 2009-2014. The result - massive capital destruction...just because investment is occurring doesn't mean the rose colored glasses are right.

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In the case you stated oil crashed. This investment cycle is a little different.

I’m not hearing your bleak outlook from the people I interact with in the oil and gas industry (multiple large $50-$100B+ companies). Usually project groups are the first to feel the effects of a downturn. Experienced this a few times over my career. Maybe the Permian basin is slowing down but it’s not the whole industry.

Just had this article pop up in my feed:

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Texas wildcatters, after years eye-rolling at shale skeptics, are now saying global analysts are underestimating just how severe the industry’s slowdown is.

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Those projections don’t jibe with the vibe in Texas, home to about half of U.S. crude output. Capital-hungry producers are being starved of funding, stocks have plunged and there’s been zero appetite for public offerings, making the downturn potentially more enduring than previous price-related busts.

“All I know is, after 47 years, they’re usually wrong.” Frank Lodzinski, an industry veteran of almost five decades who’s chief executive officer at shale explorer Earthstone Energy Inc., said of the forecasts. “I can’t remember another time when oil was $55 and the industry was in such shambles.”

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Gloomy views from Texas could have something to do with recent developments in the Lone Star state. Just as the industry was recovering from the last downturn, more than 1,000 layoffs have been announced this year as drillers and their hired hands seek to cut costs. Investment banks have also had to trim staff locally thanks to a lack of dealmaking.

Oil analysts and investors are “a depleted and demoralized crowd, shell-shocked by the heavy losses inflicted from being the single epically losing sector on the record-breaking S&P 500 battlefield,” Mizuho analyst Paul Sankey said in a recent note to clients during a visit to Houston.

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On top of their newfound financial discipline, a number of producers have run into disappointing results from wells that were placed too close together. Diamondback Energy Inc. and Concho Resources Inc. both had missteps this year that shocked investors and caused production to take a hit. The two companies said these were one-time mistakes, but the fallout highlighted how fragile the sector is.

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LINK

I think I basically wrote this article in this thread.

As to your point, I don’t doubt some big super major projects are still going forward...I’m talking more about shale which is about 75% +/- of current domestic production (?)...

Also if oil hadn’t crashed the losses in the EF were still there...falling prices just exposed the wreckage below.

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Only parts of your post I can read without nodding off. Did Edward Jones give you tomorrow off?

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I gave my employees the day off and I’m taking my wife golfing and then shopping for her birthday tomorrow. Does that count?

And don’t be too hard on yourself for not knowing basic investing terms and having a boss to please. You almost passed yourself off as a legit advisor here and compensated for your shortcomings in real life. Almost. LMFAO

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And don’t be too hard on yourself for not knowing basic investing terms and having a boss to please. You almost passed yourself off as a legit advisor here and compensated for your shortcomings in real life. Almost. LMFAO

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I never tried to pass myself off as an advisor nor did I say I didn’t understand your jargon/pablum, I just noted you were trying too hard with all the jargon/pablum...you’re very bad at reading and don’t know shite about o&g. And zzzzzzxxzzz!

Do you know that Shell, Chevron, and Exxon are all trying to get more heavily involved in the Permian? Like I said before, I don’t think it is nearly as bleak as you think. I would think some of these slumping companies could get bought up by supers just like Chevron attempted with Anadarko this year.

Exxon Link

Chevron Link